>>in an earlier converstion re loss of potential rev from FQ, he stated that their are plans for sncg revenue not related to Quotes.<<
Well, that's certainly correct from a close reading of his latest acquisition announcement: biz.yahoo.com
wherein he calls Sinclare "an internet software company providing stock market buy, sell, and hold commentaries for over 14,0000 stocks over the internet" which will provide software tools for HTEH's acquisitions and clients.
First comment: Looks like you can forget about seeing FQ back on your screens any time soon. Sinclare now is doing custom software work, period.
Second: Neuropro and all related to it are clearly Stockett's property which must also include TNI. TNI has disappeared from the Barnegat NJ location but has not resurfaced anywhere else so far as I can tell - anyone getting the print version or any other version?
Now SNCG is strictly a software company that'll provide services to Stockett's captive businesses. Perhaps it'll be like the origins and earlier manifestations of Sinclare, where "outside" companies provided services and software and technology to SNCG at high fees and for huge blocks of stock which, to my mind, looted the company's treasury. If you don't believe that go back to the earnings filings for 1996 (SEC EDGAR) and read about the losses that slammed the company and where those charges came from. Where did all those shares go? On the BB so as to be unloaded on the unwary, I think.
IF SNCG becomes a leach on these other companies it'll report big gains and that'll get the stock moving upward again, to the benefit of SNCG holders (who owns 8 million shares?). I don't think HTEH will benefit (except as the holder of SNCG) since it also holds title to the acquired companies that'll be feeding Sinclare's revenues.
Note that the PR says "Hightec's consolidated sales for calendar 1996...was approximately $2 million with approximately $500,000 in earnings" - that certainly can't include SNCG which had to have had huge losses for 1996 - so how can he call those numbers "consolidated"? Very, very misleading IMO, possibly actionable if my assessment is correct. And where are SNCG's numbers for 1996 anyway? Very, very silent in re those results but he "consolidates" karate, SNCG and IPO-Network and says they had $.5 million net "approximately". More or less...
Dee Jay |
